Retirement plan

BETT-A-WAY TRAFFIC SYSTEMS, INC. 401(K) PLAN

Name: BETT-A-WAY TRAFFIC SYSTEMS, INC. - BETT-A-WAY TRAFFIC SYSTEMS, INC. 401(K) PLAN (2024) Form 5500
Creator: BETT-A-WAY TRAFFIC SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BETT-A-WAY TRAFFIC SYSTEMS, INC. 401(K) PLAN, BETT-A-WAY TRAFFIC SYSTEMS, INC.

BETT-A-WAY TRAFFIC SYSTEMS, INC.EIN 22-3201213Plan #001PY 2024

110 SYLVANIA PLACE - SOUTH PLAINFIELD, NJ 07080908-222-2500LinkedIn1-10 employeesmusic

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$14.7M

+15.8% from 2023

Total participants

268

+15.0% from 2023

Average account balance

$57,133

-5.3% from 2023

Annual return

9.40%

-0.76 pp from 2023

Benchmarks

See 1,225 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,225 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$14.74M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$57K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

258

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.40%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$137

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Service code 26 · EIN 31-4177100 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$38,829
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 28 · EIN 26-3415651 1 NEW YORK PLAZA, 12TH FL ANNUITY · NEW YORK, NJ 10004	Investment Management	$32,153
JP MORGAN INVESTMENT MANAGEMENT INC4 years Filed as: MEEDER INVESTMENT MANAGEMENT Service code 26 6125 MEMORIAL DR · DUBLIN, OH 43017	Advisory (Participants)	$7,532
NATIONWIDE1 year Filed as: NATIONWIDE RETIREMENT PLANS Service code 28 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Investment Management	$1,844
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LL Service code 28 1 NEW YORK PLAZA, 12TH FL ANNUITY · NEW YORK, NY 10004	Investment Management	$1,257

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$191 / participant

Other / not subdivided$35K100.0%

% of EOY assets

0.240%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NISIVOCCIA LLP
Auditor EIN: 221914888
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,133

$54,690+4.5%

$76,030-24.9%

$74,478-23.3%

Participation rate

94.6%

60.3%+34.3pp

69.1%+25.6pp

67.2%+27.4pp

Annual return

9.40%

31.92%-22.5pp

361.54%-352.1pp

1370.56%-1361.2pp

Employer contribution / active EE

$2,765

$1,781+55.2%

$2,688+2.9%

$2,626+5.3%

Participant deferral / active EE

$4,902

$3,070+59.7%

$4,257+15.1%

$4,350+12.7%

Admin fee / account holder

$137

$2,240-93.9%

$6,421-97.9%

$1,946-92.9%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 26 · EIN 31-4177100

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$38,829

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 28 · EIN 26-3415651

1 NEW YORK PLAZA, 12TH FL ANNUITY · NEW YORK, NJ 10004

Investment Management

$32,153

JP MORGAN INVESTMENT MANAGEMENT INC4 years

Filed as: MEEDER INVESTMENT MANAGEMENT

Service code 26

6125 MEMORIAL DR · DUBLIN, OH 43017

Advisory (Participants)

$7,532

NATIONWIDE1 year

Filed as: NATIONWIDE RETIREMENT PLANS

Service code 28

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Investment Management

$1,844

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LL

Service code 28

1 NEW YORK PLAZA, 12TH FL ANNUITY · NEW YORK, NY 10004

Investment Management

$1,257

BETT-A-WAY TRAFFIC SYSTEMS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BETT-A-WAY TRAFFIC SYSTEMS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion